Analysts Suggest Dogecoin Could Reach $1 by Summer 2025
Dogecoin's weekly chart has entered a period of low activity reminiscent of early 2024, yet analysts suggest this may precede an upward movement.
Potential for Dogecoin to Reach $1 by Late Summer 2025
- Analyst Chris identifies an expanding rising channel since October 2023 with key price points at $0.056 and $0.229 in March 2024, predicting a trajectory towards $1–$1.10 by late summer 2025.
- The latest pullback tested the channel's lower rail at $0.13, with signs of bullish momentum from the Stochastic-RSI and Ichimoku cloud indicating potential support above $0.22.
Need for Higher Highs
- Olivier highlights a descending regression channel that has constrained Dogecoin since its November peak at $0.484, suggesting a potential accumulation phase ending between May and June 2025.
- Immediate support is at $0.1533; a break below could see prices drop to below $0.13.
- Crucial resistance is marked at $0.2175, which could signal a breakout necessary for establishing higher highs.
- A breach above $0.229 might lead to further gains towards $0.3496 and potentially the December high of $0.4361.
- Olivier states confidence in an uptrend will depend on forming a new higher low and higher high.
As of now, DOGE is trading at $0.154.
